TRANSITION ECONOMIES NATIONAL POLICY OF INFLATION PROCESSES REGULATION: EXPERIENCE FOR UKRAINE
Abstract
Purpose - an analysis of national policy of inflation processes regulation in transitional economies, and, based on research, making recommendations for improvement of the macroeconomic situation in Ukraine. Methodology of research. The theoretical and methodological base of scientific research made of national and foreign scholars on the analysis of inflation in transition economies, official statistical data of the State Statistics Committee of Ukraine, reports the NBU and central banks of the investigates countries. To ensure the authenticity and validity of the research results to the goal, the following methods have been used: induction and deduction – during theoretical generalizations and conclusions; analogy method – when comparing foreign experience of inflation timing; economics and statistics as methods of macroeconomic policy of Ukraine analyzing; retrospective analysis - in determining the nature and causes of inflation; methods of system analysis and synthesis. Findings. In the article the inflationary process in transition economies is investigated. The macroeconomic situation in each country is analyzed. Reasonable steps further using of the investigated countries experience for Ukraine are founded. Particular attention to the normative acts improvement in preparation for the introduction of inflation targeting regime is given. Originality of the results is a complex theoretical and practical analysis of the inflationary process in transitional economies. For the first time the inflationary process in the transitional economies is analyzed, in order to determine the causes of inflation. For the first time, a comparative analysis of anti-inflationary and exchange rate policies in CEE and the Ukraine is given, also the situation in Ukraine and its readiness to implement inflation targeting is analyzed. Practical value. Results of the study can be used by state agencies that regulate vocational prices, the Ministry of Finance, the state statistical agencies.
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